Another bearish Cypher pattern setup 30 min timeframe on EUR/CAD
Updated
Yet another bearish Cypher setup on the EUR/CAD 30 min timeframe.
Looking for price action to hit 1.5738 to complete the D leg @ 78.6% retracement from the X to C leg.
This area makes the entry zon area, stoploss should be well above X.
for Profit targets look at the 38,2% retracement from C to D leg for profit target 1
Profit target 2 shouldd be set at the 61,8% retracement from the C to D leg.
Always looking for feedback on my analysis, so be sure to comment !
Follow me on twitter : PalmTreeTrading
Follow me on Tradingview : tradingview.com/u/PalmTreeTrading/
Followme on Instagram : instagram.com/palmtreetrading/
Looking for price action to hit 1.5738 to complete the D leg @ 78.6% retracement from the X to C leg.
This area makes the entry zon area, stoploss should be well above X.
for Profit targets look at the 38,2% retracement from C to D leg for profit target 1
Profit target 2 shouldd be set at the 61,8% retracement from the C to D leg.
Always looking for feedback on my analysis, so be sure to comment !
Follow me on twitter : PalmTreeTrading
Follow me on Tradingview : tradingview.com/u/PalmTreeTrading/
Followme on Instagram : instagram.com/palmtreetrading/
Note
pattern setup violated C leg and became invalid
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.